Yes, Bakugo is more naturally talented than probably anyone in class 1-A. Beyond that, he also worked hard to master his Quirk and studies hard to stay at or near the top of the class. Like Best Jeanist said, he's already practically good enough to be a sidekick.

However, he cannot be the number 1 hero without an exceptional amount more of growth, very much for the same reasons Endeavor stayed stuck as the number 2 hero for so long. Generally speaking, Bakugo doesn't seem like he wants to be a hero because he wants to help and protect people; he wants to do it because he wants to be the best, just like All Might. Beyond combat strength and ability, there is very little that is reassuring about Bakugo's presence, which is a big theme with the heroes in MHA. He might have the ability, but his pride, temper, and general lack of care for those beyond himself is what's holding him back.

That's actually why I really like the Midoriya/Bakugo rivalry. They both have strengths where the other falls short and it's by learning from each other where they have the greatest growth. If you had a DBZ style fusion between the two of them, you could conceivably get a hero even greater than All Might. Like he said, if they can recognize and raise each other up, they can become the best heroes who win and rescue.

Actually, I think so too. Reasons, why I consider Bakugou a genius:
Reason 1: Bakugou figured out how to use his quirk by himself and without any help. Bonus points that his battlestyle is original, creative and demands some wit from it's possessor. It is so cool that Deku just had to steal the guy's movements.
Reason 2: Bakugou is a good tactician and a quick thinker, not to mention his outstanding animal reflexes, which are frequently lampshaded through the entire series.
Reason 3: Bakugou understands that he needs to work REALLY HARD to be on top. If he didn't, it would be a great waste of talent. Also no one makes him WISH being on top (looking on you, Todoroki) and he actively trained before getting in UA (looking on you, Midoriya, you pathetic shrimp. And no, there is no excuse for you being just a whiny delusional fanboy before gaining OFA, because being quirkless doesn't make you worthless. Successfully proved by Knuckleduster guy from the "Illegals" manga).
Reason 4: Bakugou is mean. Come on, the vast majority of talented people are massive jerks. King Explosion Murder is not exception to the rule.
In conclusion, I DO admit Todoroki has the strongest quirk in entire class (hell, even in entire school, barring healers since they're so rare), BUT he hasn't got that street wit, that sheer will, this battle pragmatism Bakugou has. Though they both will fall behind Deku at some point, because he's the main protagonist. End of story.

In all seriousness, Bakugo simple tries harder then everyone else. Shout was literally half assing his training his entire life. Bakugo simple tried to be the best at what ever he was foced to do. Gotta play drums? Might as well practice. Gotta get good grades? I'll be at the top of my class. I gotta cook for myself? I'm going to make some tasty as fuck food.

There are so many easy ways around this if horikoshi wanted to lol. Baku or even todoroki could become number 1 without contradicting what future deku said. They might beat deku to the punch and he later surpasses them or the otherway around deku becomes number 1 but later gets surpassed. It's literally a billboard chart that gets updated like twice a year. Theoretically deku and baku can swap places every year lol.

In all seriousness, Bakugo simple tries harder then everyone else. Shout was literally half assing his training his entire life. Bakugo simple tried to be the best at what ever he was foced to do. Gotta play drums? Might as well practice. Gotta get good grades? I'll be at the top of my class. I gotta cook for myself? I'm going to make some tasty as fuck food.

Wait i thought he said number 1 or some shit?? Is this just a faulty translation or have i been living a lie? My bakugou stanning was always tempered by this one statement if y'all are saying that it never definitevely said that deku was going to be number 1 then....BAKUGOAT NUMBER 1 HERO FUCKING CONFIRMED

Wait i thought he said number 1 or some shit?? Is this just a faulty translation or have i been living a lie? My bakugou stanning was always tempered by this one statement if y'all are saying that it never definitevely said that deku was going to be number 1 then....BAKUGOAT NUMBER 1 HERO FUCKING CONFIRMED

In all seriousness, Bakugo simple tries harder then everyone else. Shout was literally half assing his training his entire life. Bakugo simple tried to be the best at what ever he was foced to do. Gotta play drums? Might as well practice. Gotta get good grades? I'll be at the top of my class. I gotta cook for myself? I'm going to make some tasty as fuck food.

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It's actually pointed out a number of times that a lot of things come easy for Bakugo. You are right that him putting his mind to it exacerbates his ability to quickly reach incredible heights, but we were shown this contrast between him being very gifted in comparison to Deku from the get go, before even their quirks manifested.